Pan African tipped for more gains
Pan African Holdings has posted share price gains of around 34% in 2011, following a 27% rise in 2010. Some may ask whether it is time to sell on a high.
Rand may test R7.50 level
The rand has weakened against the dollar and looks set to hit a new year low above R7.50/dollar.
Sekoko in talks with ‘cornerstone’ investor
Sekoko Resources, in joint venture with Firestone Energy to develop coal in the Limpopo province's Waterberg, is in talks with multinational power company that could become a cornerstone shareholder.
Anglo to build $3bn Peru mine in 2012
Anglo America will start construction on its $3bn Quellaveco copper mine next year, says the company's Peru chief.
Gold Fields targets 1 mln oz in S. America
Gold Fields aims to produce one million ounces of the precious metal per year in South America by 2015, says the company's regional chief.
Egypt to invest in Rwanda power
Orascom Construction Industries plans to invest up to $130m in Rwanda in the next three to four years to build a methane power plant to produce 50 megawatts.
Zim mines minister calls for calm
Obert Mpofu, supported by empowerment and youth minister, Saviour Kasukuwere, say mining licences will not be cancelled in Zimbabwe as negotiations on indigenisation continue.
Deals too expensive, says Anglo’s Carroll
Mining shares were still too expensive to tempt Anglo American into any acquisitions, says the group's CEO, Cynthia Carroll.
Macozoma: beneficiation needs power surety
Abundant electricity and clarity on the costs thereof are prerequisites for the formation of downstream beneficiation industries, says Tshipi e Ntle chair Saki Macozoma.
Transnet rules out Saldanha for manganese
Transnet Freight Rail has dismissed using the Sishen-to-Saldanha railway line for the future transport of manganese ore, saying the line will be reserved for iron ore.